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$975,000

20188 40 AVENUE

Langley · MLS® R3163137

2 bed · 1 bath · 1,942 sq ft · 10,468 sq ft lot · 6 parking

House · Single Family · built 1959 · 29 days on market

Listed by Sarah Tardif, eXp Realty of Canada Inc.

Realtor's description

10,500 sq. ft. CORNER LOT in Brookswood. This flat 107' x 77' parcel offers exceptional development potential - contact the Township of Langley to verify city sewer access from both lot borders and explore potential for small-scale multi-unit housing (SSMUH). Build right away or renovate the approx. 1,900 sq. ft. existing home to live in or rent out while you plan your next build. A perfect canvas for a custom home or a strategic investment. 10/10 location: close to Brookswood Park, Cedarbrook Shopping Plaza, Brookswood Secondary, and Dale Ball Passive Park. Transit is right outside the door and just 2 blocks from Belmont Elementary. Secure your spot in this vibrant community today!

Property details

Type: House, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 1,942 sq ft
Lot: 10,468 sq ft
Parking: 6
Year built: 1959
Property tax: $4,524 / yr
Days on market: 29
MLS®: R3163137

Features

See remarks

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-12%)

2026 assessment: $1,302,000 · asking is -25%
Price per sq ft: $502 vs $568 median for houses in Langley for sale (643)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 29 days · no price changes so far

The market here

Listed now: 50 days; median for 655 houses for sale; this one 29 days

Houses in Langley. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$1,302,000	$4,709

The listing shows $4,524 a year in property tax.

Estimate: the BC Assessment value times Langley's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$4,625/mo

Mortgage $4,248 · Tax $377

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$4,248/ monthly

loan $780,000

25-year amortization

down payment20% · $195,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $494,394
property transfer tax: $17,500; BC general rate
cash to close: $212,500; down + PTT
total paid: $1,274,394

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Location

Lot outline: 1,317 m² (14,176 sq ft) · PID 016-144-082. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

LangleyGoogle Maps ↗

Location

LangleyGoogle Maps ↗

Schools

Catchment schools, Langley School District 35

Elementary Belmont Elementaryhomes in this catchment
300 m away · 20390 40 Ave, Langley · 604-533-3641
Secondary Brookswood Secondaryhomes in this catchment
1.5 km away · 20902 37a Ave, Langley · 604-530-2141

From the Langley School District 35's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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